WEBVTT - TV: Crisis Overload 0:00:02.040 --> 0:00:05.160 Joe Biden spoke today. It sucked. We're going to talk 0:00:05.200 --> 0:00:09.240 about inflation and empty shelves and we have the great 0:00:09.280 --> 0:00:18.960 Carol Roth coming up, and I'm right, Joe Biden spoke today, 0:00:19.239 --> 0:00:21.479 and I just want to clarify. I'm gonna get to 0:00:21.760 --> 0:00:25.840 inflation and the Biden administration's response to it, and empty 0:00:25.880 --> 0:00:28.120 shelves and prices that I'm gonna get to all that 0:00:28.160 --> 0:00:31.960 in a second. But Biden spoke today and none of 0:00:31.960 --> 0:00:35.320 it was too groundbreaking, But I did think there was 0:00:35.360 --> 0:00:39.440 a spot in there that is so revealing about so 0:00:39.560 --> 0:00:44.879 much this part. Let's be clear, vaccination requirements should not 0:00:45.040 --> 0:00:50.440 be another issue at devises. That's why we continue to 0:00:50.440 --> 0:00:54.720 battle the misinformation that's out there, and companies and communities 0:00:54.720 --> 0:00:58.880 are setting up there stepping up as well to combat 0:00:58.960 --> 0:01:04.919 these information. Southwest Airlines at the head of the pilot, 0:01:04.959 --> 0:01:07.640 the head of the pilots union, and a CEO dismissed 0:01:07.680 --> 0:01:12.919 critics who claim vaccination mandates contributed to flight disruptions. School 0:01:13.000 --> 0:01:17.240 board members, religious leaders and doctors across the country are 0:01:17.319 --> 0:01:22.320 fighting misinformation and educating people about the importance of vaccines. 0:01:23.760 --> 0:01:26.120 All these efforts are going to help us continue moving 0:01:26.120 --> 0:01:34.520 the dial to eliminate this disease. Very revealing why a 0:01:34.520 --> 0:01:39.959 couple different reasons the vaccines or shouldn't be an issue 0:01:40.000 --> 0:01:44.920 that divides us, How these people talk, how they talk 0:01:45.000 --> 0:01:49.520 to you. Joe Biden is not a king. He's not 0:01:49.560 --> 0:01:52.960 a dictator. He's not a czar, he's not an emperor. 0:01:53.640 --> 0:01:57.320 He's the president. You understand, You do get that the 0:01:57.360 --> 0:01:59.720 president is not in charge of you, right and the 0:02:00.240 --> 0:02:02.920 of command of your life. The president isn't in there. 0:02:03.160 --> 0:02:06.040 The president is not in charge of you. He is 0:02:06.080 --> 0:02:10.520 the chief executive. He runs the wars. You know, he 0:02:10.639 --> 0:02:14.760 obviously enforces the laws. The president is not in charge 0:02:14.800 --> 0:02:17.720 of you. And the way he speaks, the way these 0:02:17.760 --> 0:02:21.280 people speak to you shouldn't be an issue that divides us. 0:02:21.280 --> 0:02:23.639 We all know what he's saying there. If you just 0:02:23.760 --> 0:02:26.799 do what you're told, we wouldn't We wouldn't be arguing 0:02:27.480 --> 0:02:29.360 how many times? If I do I have to hit 0:02:29.400 --> 0:02:32.440 you again? You're gonna do what you're told. Who does he? 0:02:32.560 --> 0:02:35.080 Who do these people think they are? Who does this 0:02:35.160 --> 0:02:38.760 person think he is? That's one and another thing, and 0:02:38.800 --> 0:02:40.280 this is a lot better than that one. I not 0:02:40.400 --> 0:02:43.160 realized that was a little dark, but it's true. This part, 0:02:45.600 --> 0:02:51.480 he's nervous. That's a president who's nervous. You don't step 0:02:51.560 --> 0:02:55.840 up and give that little speech unless you're nervous. Mister producer, 0:02:55.880 --> 0:02:57.400 I want you to play it again one more time 0:02:57.480 --> 0:02:59.679 right here. I want you to listen to this. This 0:02:59.760 --> 0:03:02.799 is not a man who's ahead of the issue. This 0:03:02.919 --> 0:03:05.519 is not a man who thinks he's winning. This is 0:03:05.560 --> 0:03:08.600 a man who thinks he's losing. That's why he's given 0:03:08.639 --> 0:03:11.760 a Hey, it shouldn't divide us routine. There's a lot 0:03:11.800 --> 0:03:16.600 of misinformation. It's just a lot of misinformation. And look 0:03:16.639 --> 0:03:19.440 at my buddy, the CEO. He agrees with me. This 0:03:19.520 --> 0:03:22.200 is a man who's losing and he knows it. Let's 0:03:22.240 --> 0:03:27.519 be clear. Vaccination requirements should not be another issue at devises. 0:03:28.639 --> 0:03:32.679 That's why we continue to battle the misinformation that's out there, 0:03:33.600 --> 0:03:37.200 and companies and communities are setting up there stepping up 0:03:37.200 --> 0:03:44.240 as well to combat these the misinformation. Southwest Airlines at 0:03:44.280 --> 0:03:45.760 the head of the pilot of the head of the 0:03:45.760 --> 0:03:49.960 pilots union, and a CEO dismissed critics who claim vaccination 0:03:50.040 --> 0:03:55.920 mandates contributed to flight disruptions. School board members, religious leaders, 0:03:55.920 --> 0:03:59.920 and doctors across the country, are fighting misinformation and educate 0:04:00.200 --> 0:04:05.080 people about the importance of vaccines. All these efforts are 0:04:05.080 --> 0:04:08.520 going to help us continue moving the dial to eliminate 0:04:08.560 --> 0:04:15.160 this disease. That's not a man who's winning. And why 0:04:15.200 --> 0:04:17.800 would he be so nervous with Jesse? Why is he 0:04:17.960 --> 0:04:19.640 Why do you think he's on the defensive? Why would 0:04:19.680 --> 0:04:25.760 he be so nervous? Here's why there is reality, and 0:04:26.000 --> 0:04:30.839 reality can't be avoided. Sometimes, Oh, I know, they'll lie, 0:04:31.120 --> 0:04:33.560 they'll continue to lie. We'll cover all the lies and 0:04:33.600 --> 0:04:37.520 we'll tell why they're lying. But the truth is reality. 0:04:38.040 --> 0:04:41.479 Sometimes it hits you across the face like a baseball bat, 0:04:41.920 --> 0:04:45.920 and you can't lie about that. You see the average 0:04:45.960 --> 0:04:49.800 person in the United States, they're not you. Obviously, Hey, 0:04:49.839 --> 0:04:53.039 we're thrilled so many people watched. I'm right, we're thrilled. 0:04:53.040 --> 0:04:55.520 So many people watched the first Our numbers are exploding 0:04:55.800 --> 0:05:00.479 and it's awesome. But the political people in this country 0:05:01.200 --> 0:05:04.800 five percent ten percent who watch what you watch? You 0:05:04.880 --> 0:05:06.920 sit down, you probably watch this show every night. Good 0:05:06.920 --> 0:05:10.520 for you, obviously, throwed you're here, But the vast majority 0:05:10.560 --> 0:05:13.279 of Americans are not political people. They just don't have 0:05:13.320 --> 0:05:16.039 an interest in it. They don't They go to work, kids, 0:05:16.080 --> 0:05:19.440 go to school, get home, maybe turn on the game, 0:05:20.200 --> 0:05:23.080 maybe maybe the news for ten minutes. And again I'm 0:05:23.120 --> 0:05:25.600 not pointing fingers are not bad. People have different interests. 0:05:25.720 --> 0:05:29.000 It's just not something they think is a priority. But 0:05:29.160 --> 0:05:34.520 those people, they still live life. They still go out 0:05:34.600 --> 0:05:37.240 and they fill up their car, and they buy groceries, 0:05:37.279 --> 0:05:39.960 and they buy Christmas gifts, and they go shopping and 0:05:40.040 --> 0:05:43.479 they buy things. And when they start looking around and 0:05:43.560 --> 0:05:48.599 feeling pain, real pain when they go buy things, they're 0:05:48.640 --> 0:05:52.919 going to start asking questions like why, and they're going 0:05:53.000 --> 0:05:59.440 to start asking questions like who's to blame for all this? Inflation? 0:05:59.600 --> 0:06:05.760 Right now is up five point four percent. That's a 0:06:05.839 --> 0:06:09.560 thirteen year high. Now, I went to community college, but 0:06:09.600 --> 0:06:12.919 if I do the math, thirteen years, that means the 0:06:13.000 --> 0:06:16.400 last time it was a high was two thousand and eight. 0:06:17.839 --> 0:06:21.800 What else happened in two thousand and eight the Biden administration. 0:06:21.880 --> 0:06:26.320 They may be full blown communists, but they're not unaware 0:06:26.600 --> 0:06:29.800 that the pain is already here. People are feeling it 0:06:29.880 --> 0:06:31.760 at the gas pump, at the grocery store, at a 0:06:31.760 --> 0:06:36.280 lot of places, and they're aware more pain is coming. 0:06:37.200 --> 0:06:41.720 They're going to try this whole vaccine unvaccinated thing. They're 0:06:41.720 --> 0:06:44.559 going to try to ride that horse until it bucks 0:06:44.600 --> 0:06:49.120 them because reality. Reality means there's no escape for the 0:06:49.120 --> 0:06:53.240 Biden administration and getting assigned these things. Listen to this, 0:06:53.480 --> 0:06:55.640 Listen to this, and want to I want to before 0:06:55.640 --> 0:06:57.800 I go into these prices of ground beef and steak 0:06:57.839 --> 0:06:59.880 and all these other things, the things people buy, I 0:07:00.080 --> 0:07:01.560 just want to once again point this out. And I'm 0:07:01.600 --> 0:07:04.920 never going to let this go. Right back when coronavirus 0:07:04.960 --> 0:07:08.200 got here way back then, and every single Tom Dick 0:07:08.200 --> 0:07:11.320 and Harry who has a TV show or they write 0:07:11.360 --> 0:07:14.360 for a living, they do radio, or the politicians on 0:07:14.400 --> 0:07:16.600 the left and the right, it was basically every single person, 0:07:16.800 --> 0:07:19.400 they all said, go home, just go home. It's just 0:07:19.480 --> 0:07:22.200 two weeks. We're just gonna pause the economy. Guys will 0:07:22.240 --> 0:07:25.000 just pause it. It's like Netflix will pause it and 0:07:25.040 --> 0:07:27.920 then we'll unpause it. And I came on and I said, 0:07:27.960 --> 0:07:30.880 this is outrageous. You people have no idea how normal 0:07:30.920 --> 0:07:34.200 people live. That's one. Two. You have no idea how 0:07:34.240 --> 0:07:37.840 supply chains work. You don't just stop certain parts of 0:07:37.880 --> 0:07:41.840 a twenty trillion dollar economy. You're going to cause carnage. 0:07:41.880 --> 0:07:44.720 Like you never have seen before in your life. I 0:07:44.760 --> 0:07:46.960 told everybody this, and I told everyone this day one, 0:07:47.160 --> 0:07:49.720 and I was called a monster and a grandma killer. 0:07:49.920 --> 0:07:53.600 And guess what the bill comes, dude, ground beeef? This 0:07:53.680 --> 0:07:56.200 is just so far. Keep in mind, there is no 0:07:56.280 --> 0:07:59.080 indication this is as high as it gets. Ground beef 0:07:59.160 --> 0:08:03.600 up ten points percent, steaks twenty two point one, bacon nineteen, 0:08:03.800 --> 0:08:11.560 chicken seventeen, eggs twelve, peanut butter six, baby food up four. Oh, 0:08:11.720 --> 0:08:14.920 you don't buy any of that stuff, right? You don't 0:08:14.920 --> 0:08:16.720 have any ground beef right now in your house? Do 0:08:16.760 --> 0:08:20.240 you chicken? Eggs? You know you surely don't eat eggs, right? 0:08:21.000 --> 0:08:22.800 And you know what you don't. Again, I don't want 0:08:22.800 --> 0:08:25.040 to get myself upset, but I'm getting upset just thinking 0:08:25.040 --> 0:08:27.800 about it. The people who do what I do for 0:08:27.840 --> 0:08:30.920 a living, most of them talking to a television while 0:08:30.960 --> 0:08:35.280 talking to a camera, talk on the radio, or politicians. 0:08:35.360 --> 0:08:39.320 People who do these kinds of things, they're generally people 0:08:39.720 --> 0:08:43.559 who make enough of an income they don't really care 0:08:43.720 --> 0:08:47.080 if ground beef goes up ten percent, if eggs go 0:08:47.200 --> 0:08:51.240 up twelve percent, if baby food goes up four. I'm 0:08:51.240 --> 0:08:53.960 not anti rich. I'm not dogging on rich people. I'm 0:08:54.040 --> 0:08:57.360 dogging on people who are well off, and they push 0:08:57.480 --> 0:09:01.640 policies that hurt people who are not. That grades on 0:09:01.800 --> 0:09:06.120 me to know and the callousness of that. Just go home. 0:09:06.160 --> 0:09:09.880 It's just a pause. It's just two weeks, you idiot. 0:09:10.120 --> 0:09:13.200 For most of my life, if I didn't work that week, 0:09:13.720 --> 0:09:17.320 I couldn't pay my bills. That's how normal people live, 0:09:17.520 --> 0:09:21.720 lots of them across this country. Oh, it's not just food. 0:09:22.200 --> 0:09:28.079 Gas prices seven year high. And get this, winter is coming, right, 0:09:28.160 --> 0:09:30.640 to borrow a phrase from Game of Thrones, winter is coming. 0:09:31.559 --> 0:09:35.640 Government is already projecting households to see a jump of 0:09:35.880 --> 0:09:41.360 up to fifty four percent on your heating bills. And 0:09:42.040 --> 0:09:47.400 in maybe the funniest slash, saddest, slash, most aggravating headline 0:09:47.400 --> 0:09:52.040 in the history of mankind, the Biden administration is asking 0:09:52.240 --> 0:09:58.080 oil and gas companies to address the gas prices. This 0:09:58.200 --> 0:10:01.480 is the same Biden administration stop the Keystone pipeline. It's 0:10:01.480 --> 0:10:03.560 want to point that out. This is the same Biden 0:10:03.559 --> 0:10:09.000 administration that stopped drilling on federal lands. This is the 0:10:09.040 --> 0:10:13.040 same Biden administration that enabled foreign powers like Russia to 0:10:13.120 --> 0:10:16.760 complete their pipelines This is the Biden administration that has 0:10:16.760 --> 0:10:22.559 done everything humanly possible to hurt Americans, to raise their 0:10:22.600 --> 0:10:29.320 gas prices. Now you're asking for a favor. And again 0:10:30.320 --> 0:10:34.160 the callousness of these people. I don't expect people to 0:10:34.200 --> 0:10:36.120 be good people. Right, I'm not a good person. I'm 0:10:36.120 --> 0:10:41.280 a terrible person. But have some kind of care in 0:10:41.360 --> 0:10:44.720 your heart for the fact normal people, you know, not 0:10:44.840 --> 0:10:50.600 fancy politicians, not media personalities, normal people men. They can't 0:10:50.600 --> 0:10:54.160 afford this stuff. And yet this is the president's press secretary. 0:10:55.640 --> 0:10:58.880 One of the greatest national security crises the presidencies. A 0:10:59.000 --> 0:11:02.079 number of other world leaders agree on that front. Certainly 0:11:02.120 --> 0:11:05.280 we all want to keep gasoline prices low, but the 0:11:05.320 --> 0:11:07.920 threat of the crisis, the climate crisis, certainly can't wait 0:11:07.960 --> 0:11:14.480 any longer. The climate crisis. Do these people have any 0:11:14.640 --> 0:11:19.200 idea about normal Americans? Now, thankfully I don't have to 0:11:19.240 --> 0:11:23.920 do this anymore, But for a massive portion of my life, 0:11:24.480 --> 0:11:27.440 when I pulled up to the gas pump, I didn't 0:11:27.520 --> 0:11:29.920 pull up and put the nozzle in and just squeeze 0:11:29.960 --> 0:11:32.280 the thing and press the thing down and then just 0:11:32.360 --> 0:11:35.440 walk away, go inside and get some chips. I would 0:11:35.480 --> 0:11:39.000 go up to the gas pump and I would know, Okay, 0:11:39.040 --> 0:11:42.320 I can only put ten dollars in today because that's 0:11:42.360 --> 0:11:45.400 what I have to spend on gas. That's how normal 0:11:45.440 --> 0:11:49.319 people fill up their tank. I realized that Jensaki doesn't 0:11:49.320 --> 0:11:52.040 live that way, and Joe Biden doesn't live that way. 0:11:52.360 --> 0:11:56.400 The normal person can't afford gas prices doubling. They can't. 0:11:56.559 --> 0:11:59.040 I got an email into my radio show yesterday from 0:11:59.040 --> 0:12:02.040 a general contract drives about one hundred miles a day. 0:12:02.240 --> 0:12:03.679 One hundred miles a day, so you have to fill 0:12:03.760 --> 0:12:06.320 up his TRUCKO Lottie pulls a trailer. He said, Jesse, 0:12:06.480 --> 0:12:09.520 I'm finally at the point with my once successful small 0:12:09.559 --> 0:12:13.800 business because of the gas prices. I'm basically just working 0:12:13.840 --> 0:12:17.640 to work, no extra money for the wife, kiddos. He 0:12:17.679 --> 0:12:20.400 doesn't know what he's gonna do with himself, and they're 0:12:20.600 --> 0:12:25.240 looking empty shelves. They're out there right now shipping companies 0:12:25.280 --> 0:12:29.800 and the Biden administration telling people order your Christmas gifts. Now. 0:12:30.480 --> 0:12:35.040 I'm talking to suppliers across the country, general contractors, it people. 0:12:35.440 --> 0:12:40.160 They're telling me things that would frighten you. Normal items items. 0:12:40.200 --> 0:12:42.840 You don't think about that. We're a week, two weeks 0:12:42.840 --> 0:12:48.199 out if you click the order button March of next 0:12:48.280 --> 0:12:54.480 year February of next year at the earliest, price increases 0:12:54.600 --> 0:12:58.800 doubling in some cases. Have you thought about this as 0:12:58.920 --> 0:13:03.880 anybody thought about this? And again the callousness, the callousness. 0:13:04.400 --> 0:13:07.760 Jen Sakis asked about this about Christmas and whatnot? That 0:13:07.880 --> 0:13:10.520 does this seem like a person who gives a crap 0:13:10.559 --> 0:13:15.400 about you? Based on everything being announced today? Yeah, and 0:13:16.240 --> 0:13:21.080 this administration guaranteed the holiday packages will run round time. 0:13:21.840 --> 0:13:25.000 They're not the Postal Service or UPS or FedEx, we 0:13:25.080 --> 0:13:28.720 cannot guarantee. Look how proud of she was of that 0:13:28.800 --> 0:13:32.240 answer too. It wasn't just a snotty witch answer. She 0:13:32.400 --> 0:13:36.400 thought that was so slick. Well, we're not the USPS. 0:13:37.200 --> 0:13:41.320 Well you showed him aga in real people. The White 0:13:41.320 --> 0:13:44.360 House chief of Staff, his name is Ron Klain. He 0:13:44.440 --> 0:13:48.520 decided to get on the internet today and he retweeted 0:13:48.600 --> 0:13:52.120 something that said, all this inflation stuff, all these problems 0:13:52.160 --> 0:13:55.720 are quote high class problems. This was the tweet. Most 0:13:55.760 --> 0:13:59.360 of the economic problems we're facing inflation supply chains are 0:13:59.440 --> 0:14:02.400 high class problems. We wouldn't have had them if the 0:14:02.480 --> 0:14:05.760 unemployment rate was still ten percent. We would instead have 0:14:05.920 --> 0:14:09.800 had a much worse problem. And look, we're gonna talk 0:14:09.800 --> 0:14:12.560 to Carol roth tonight about supply chains and such. But 0:14:12.840 --> 0:14:14.520 you want to know how bad it is. Let's watch 0:14:14.559 --> 0:14:18.839 this all right. This is the yard. It's one of 0:14:18.880 --> 0:14:22.440 the reasons why everything's backed up is can containing yards 0:14:23.120 --> 0:14:27.120 are stuffed to the tilt with containers. We need truck 0:14:27.200 --> 0:14:30.120 drivers to pick up their goods, and truck drivers for us. 0:14:31.800 --> 0:14:36.960 They're all robots. This is an automated terminal pretty much 0:14:40.280 --> 0:14:44.080 except for these bad boys right here. We drive these 0:14:44.640 --> 0:14:52.560 These are not automated. It's really bad. Half a million ships. 0:14:52.680 --> 0:14:59.400 I'm hearing numbers like that. It's really bad. It's gonna 0:14:59.440 --> 0:15:02.920 get worse. I'm not trying to be a doomsday or here, 0:15:02.920 --> 0:15:06.480 but I want you to understand because of these vaccine mandates, 0:15:07.400 --> 0:15:11.400 we are also going to have a reduced workforce going forward. 0:15:11.440 --> 0:15:14.160 I mean, these problems we're facing right now, these are 0:15:14.200 --> 0:15:17.440 the problems we're facing now. These are problems we're getting 0:15:17.640 --> 0:15:21.120 because of what happened before. We haven't even gotten to 0:15:22.320 --> 0:15:27.960 major trucking companies hemorrhaging employees because of vaccine mandates, airlines, 0:15:28.120 --> 0:15:33.120 military police force, healthcare workers, school districts. We haven't even 0:15:33.280 --> 0:15:36.960 gotten to that point yet I am not trying to 0:15:36.960 --> 0:15:39.520 scare you. No, I don't try to do that. It 0:15:39.560 --> 0:15:42.800 gets worse from here, and I want you to understand 0:15:42.880 --> 0:15:47.640 what are disgusting, lying, half brained president is going to 0:15:47.680 --> 0:15:50.960 do when this thing gets worse. He's going to do 0:15:51.040 --> 0:15:54.960 what all disgusting, violent tyrants have ever done. He's going 0:15:55.000 --> 0:15:57.760 to point to a certain segment of the population and 0:15:57.920 --> 0:16:00.880 scapegoat them. This will be all the young vaccinate. It's 0:16:00.960 --> 0:16:08.720 fault the unvaccinated also put our economy at risk because 0:16:08.760 --> 0:16:10.880 people are reluctant to go out. And think about this, 0:16:11.720 --> 0:16:14.760 Even in places where there is no restriction on going 0:16:14.800 --> 0:16:18.040 to restaurants and gems and movie theaters, people are not 0:16:18.200 --> 0:16:21.480 going in anywhere near them is because they're worried they're 0:16:21.560 --> 0:16:28.440 going to get sick. That's disgusting. All that may have 0:16:28.480 --> 0:16:31.760 made you uncomfortable, but I'm right now. All this supply 0:16:32.000 --> 0:16:35.440 chain talk and economics and inflation and a lot of 0:16:35.440 --> 0:16:37.720 it can go over people's heads. And it all goes 0:16:37.760 --> 0:16:40.800 over my head. I went to community college. It doesn't 0:16:40.800 --> 0:16:43.080 go over Carol Roth's head. She always breaks it down 0:16:43.080 --> 0:16:44.560 for us in a way we can understand we're going 0:16:44.600 --> 0:16:47.800 to talk to Carol Roth about all this stuff next now, 0:16:49.240 --> 0:16:55.320 Jake Smischew. Last night, actually on the way home, I 0:16:55.360 --> 0:16:57.600 had had a million different meetings. So it's just one 0:16:57.640 --> 0:16:59.080 of those days, right. It's not as if I have 0:16:59.120 --> 0:17:00.760 a hard job. I'm not doing that whole thing. So 0:17:00.840 --> 0:17:02.520 it was just one of those days of meeting here, 0:17:02.520 --> 0:17:04.920 a medium meeting there. I have a deadline here, I did. 0:17:06.040 --> 0:17:08.359 I'm on the way home last night, pick up the 0:17:08.400 --> 0:17:10.000 phone talking to the wife on the way home, and 0:17:10.040 --> 0:17:14.080 I tell her I want to dip. I've got that urge. 0:17:14.119 --> 0:17:15.760 I want to go home right now, and I want 0:17:15.760 --> 0:17:17.640 to pour a glass of bourbon the side of my head, 0:17:17.760 --> 0:17:19.680 the size of my head, and I want to dip. 0:17:20.080 --> 0:17:23.280 She says, you have Jake smitt Chew at home. Just 0:17:23.480 --> 0:17:25.880 get home and you'll be fine. And I did, Jake 0:17:25.920 --> 0:17:28.560 smitt Chew. It's it's not just the way to quit, 0:17:28.960 --> 0:17:31.359 it's the way to stay quitted. I know that's not 0:17:31.400 --> 0:17:35.040 a word tobacco free, nicotine free, sugar free, but it's 0:17:35.040 --> 0:17:38.159 eleven different flavors a long cut, four different flavors of 0:17:38.200 --> 0:17:40.640 the CBD pouches, which is what I had last night. 0:17:40.680 --> 0:17:43.160 Takes that edge off and I don't have to feel 0:17:43.160 --> 0:17:46.040 guilty about it. Go to Jake smntchew dot com right 0:17:46.119 --> 0:17:48.919 now and get some used to promo code Jesse. By 0:17:48.960 --> 0:17:51.399 the way, I get you ten percent off Jake Smittchew 0:17:51.480 --> 0:17:59.960 dot com. We'll be back with Carrol. The economy's comp 0:18:00.000 --> 0:18:03.680 located all these supply chains and inflations and stuff like that. 0:18:04.320 --> 0:18:08.560 Carol Roth probably also complicated, but she does know how 0:18:08.600 --> 0:18:11.200 to explain these things in a way we can understand. 0:18:11.560 --> 0:18:14.200 Joining me now, author of the War on Small Business 0:18:14.240 --> 0:18:19.080 and former investment banker, my friend Carol Roth. Carol, let's 0:18:19.119 --> 0:18:21.959 begin at the beginning here before I get to Bloomberg 0:18:22.040 --> 0:18:26.240 and all the other stuff. Supply chains. People were hearing 0:18:26.240 --> 0:18:28.159 that word a lot. Joe Biden actually got up to 0:18:28.200 --> 0:18:30.520 the podium yesterday and pretended like he understood what the 0:18:30.520 --> 0:18:33.440 word meant, which was hilarious. But would you please explain 0:18:33.520 --> 0:18:36.840 to people what exactly supply chains are? Is it an 0:18:36.880 --> 0:18:41.080 actual chain? I mean these days it kind of is. 0:18:41.119 --> 0:18:45.440 It's a chain that binding us and making everything more expensive. 0:18:45.840 --> 0:18:51.720 But it's basically all of the interconnected individual steps that 0:18:51.960 --> 0:18:56.200 allow for goods and services to get manufactured and then 0:18:56.359 --> 0:18:59.960 get to the different consumers. Around the world, and obviously 0:19:00.840 --> 0:19:04.440 over time we'd like to try to engage in some 0:19:04.800 --> 0:19:08.399 level of free markets, free choice that helps to get 0:19:08.600 --> 0:19:12.040 goods to where they need to go at prices that 0:19:12.200 --> 0:19:16.679 consumers think are reasonable. The problem is that central planners 0:19:16.800 --> 0:19:20.040 always think they know better than everybody else, and so 0:19:20.080 --> 0:19:23.080 they get involved and they make decisions, and they usually 0:19:23.119 --> 0:19:26.440 focus on one thing, and they don't realize that that 0:19:26.600 --> 0:19:31.879 has ripple effects throughout the entire economic system, including the 0:19:31.960 --> 0:19:36.200 supply chain. Or perhaps they do realize that and we're 0:19:36.200 --> 0:19:38.959 looking for some economic chaosle it's to choose your own 0:19:39.000 --> 0:19:42.159 adventure book. You can decide. So all of the decisions 0:19:42.200 --> 0:19:45.199 that have been made peopoth here in the US and 0:19:45.280 --> 0:19:48.760 worldwide in terms of shutting down the economy, keeping people 0:19:48.800 --> 0:19:53.160 out of the workforce, the extended unemployment benefits to keep 0:19:53.200 --> 0:19:57.080 them out. Even further uncertainty around sending kids back to 0:19:57.200 --> 0:20:00.400 school keeps people out of the labor force. That there's 0:20:00.400 --> 0:20:04.120 a shorter shortage of goods that are being produced. At 0:20:04.119 --> 0:20:07.320 the same time, we printed tons of money, so there's 0:20:07.359 --> 0:20:10.080 a lot of dollars that are chasing this limited more 0:20:10.119 --> 0:20:13.520 limited supply of goods and services. And then of course 0:20:13.680 --> 0:20:16.399 keeping people out of the labor force. We don't have 0:20:16.520 --> 0:20:18.560 things like truck drivers to get the things from point 0:20:18.600 --> 0:20:22.119 A to point bit, so it's really a cluster. I 0:20:22.160 --> 0:20:24.840 won't finish that word. But again, you can choose your 0:20:24.880 --> 0:20:28.080 own adventure and fill that in. And that was done 0:20:28.359 --> 0:20:33.360 not by capitalism but by central plan. Okay, well, let 0:20:33.359 --> 0:20:36.439 me ask a question here. Now. It's obviously not that 0:20:36.520 --> 0:20:39.600 I doubt your intellect. Carol Roth is probably the sharpest 0:20:39.640 --> 0:20:42.720 woman I've ever talked to in my life. But you're 0:20:42.760 --> 0:20:45.920 not the only smart person on the planet. And yet 0:20:45.960 --> 0:20:49.840 all these smart people back when coronavirus got here, they 0:20:49.880 --> 0:20:51.879 all were telling me that you could just kind of 0:20:52.040 --> 0:20:54.840 press pause on the economy like it was Netflix, and 0:20:54.920 --> 0:20:57.159 whenever you're done, you just press unpaused and it just 0:20:57.240 --> 0:21:00.760 goes again. Now, again, I'm not doubting your intelligence here, 0:21:01.040 --> 0:21:03.320 but I'm positive you're not the only one on the 0:21:03.320 --> 0:21:06.760 planet who's smart. Why were all these people in positions 0:21:06.800 --> 0:21:11.160 of power pushing such an absurd concept? Yeah, I mean 0:21:11.400 --> 0:21:14.520 it's I keep repeating, you know, who could have predicted 0:21:14.600 --> 0:21:18.760 this entirely predictable outcome over and over again, whether it 0:21:18.840 --> 0:21:23.639 happens to be via inflation, or supply chain or labor 0:21:23.720 --> 0:21:26.960 market or any of these components of the economy. And 0:21:27.400 --> 0:21:30.440 you know, obviously I'm not in the inner circle jets. 0:21:30.440 --> 0:21:32.520 They know you'll be very surprised to find that out. 0:21:32.520 --> 0:21:34.760 They haven't invited me into the club. So this is 0:21:34.800 --> 0:21:39.720 only my best speculation. But my guess is they are 0:21:39.760 --> 0:21:44.560 looking to consolidate power, and they have this emotional manipulation 0:21:44.680 --> 0:21:47.439 going on where they figured they could buy people off 0:21:47.640 --> 0:21:51.240 with small amounts of money, you know, fourteen hundred dollars stimulus, 0:21:51.400 --> 0:21:54.680 and somehow you wouldn't realize that, oh, we're now spending 0:21:54.680 --> 0:21:57.479 one hundred and seventy five dollars or two hundred dollars 0:21:57.480 --> 0:22:01.080 a month on basic needs, and that they could blame 0:22:01.160 --> 0:22:04.199 that on capitalism and zayoh, we need more government to 0:22:04.240 --> 0:22:06.600 fix this. You know, you don't you can't get a job, 0:22:06.680 --> 0:22:08.439 or you don't want to go back into the labor forts. Oh, 0:22:08.480 --> 0:22:10.439 we'll give you you bi to fix it. So I 0:22:10.520 --> 0:22:12.960 do feel like a lot of these things were intentional 0:22:13.840 --> 0:22:16.560 as a way to kind of make the point, even 0:22:16.560 --> 0:22:19.960 if though it doesn't really fundamentally make sense, but emotionally 0:22:20.000 --> 0:22:23.960 manipulate everything into having people think that you need more 0:22:24.040 --> 0:22:27.600 government and government is the answer when clearly they are 0:22:27.640 --> 0:22:30.400 the ones that have caused every single one of these problems. 0:22:31.800 --> 0:22:33.240 I just want to let you know, Carol, when I 0:22:33.280 --> 0:22:36.720 take over everything, if we if we allow women in 0:22:36.760 --> 0:22:39.439 my administration, you will be in my club, Carol. But 0:22:39.480 --> 0:22:42.359 that's a big if there's no guarantee. I have to 0:22:42.400 --> 0:22:45.040 ask you a question about that. Though. I'm not really 0:22:45.080 --> 0:22:49.040 great at making sandwiches, so will that disqualify me from 0:22:49.080 --> 0:22:52.960 being part of that inner cabal? You know? I completely 0:22:52.960 --> 0:22:55.600 reject this thought that women have to be good at 0:22:55.640 --> 0:22:58.080 making sandwiches. If you're just good at ordering them, that's 0:22:58.119 --> 0:22:59.760 plenty for me. I just want to be able to 0:23:00.200 --> 0:23:03.280 I make a great reservation. There you go, There you go, 0:23:03.600 --> 0:23:09.320 all right, in all seriousness, Bloomberg America needs higher and 0:23:09.480 --> 0:23:16.119 longer lasting inflation. Okay, explain to me why this would 0:23:16.200 --> 0:23:19.320 possibly be good for America. I understand if you work 0:23:19.320 --> 0:23:23.280 at Bloomberg, or if you're possibly an investment banker or 0:23:23.320 --> 0:23:26.360 speak into a television set for a living, you're probably 0:23:26.400 --> 0:23:28.879 doing an okay financially, so you don't care if the 0:23:28.920 --> 0:23:31.520 cost of beef goes up ten percent. But most people 0:23:31.560 --> 0:23:33.600 don't get to do this for a living. They have 0:23:33.720 --> 0:23:37.480 real bills, they can't afford this stuff. How does this 0:23:37.560 --> 0:23:41.800 help them? Yeah, I mean, this is the epic gas 0:23:41.880 --> 0:23:44.760 lighting that's been going on really around all of these 0:23:44.800 --> 0:23:49.240 economic topics, but in particular with inflation. First, we were told, oh, 0:23:49.320 --> 0:23:52.000 inflation wasn't going to get out of control, so we're 0:23:52.040 --> 0:23:54.920 gonna do these things, and it makes sense. Then we 0:23:54.920 --> 0:23:57.480 were told, well, inflation is gonna run hot, but it's 0:23:57.480 --> 0:24:01.160 gonna be transitory. It's only for a limited time. Now 0:24:01.200 --> 0:24:03.320 that you know, it's clear that that's not the case. 0:24:03.680 --> 0:24:05.840 Now they're trying to find the new spin, and the 0:24:05.880 --> 0:24:09.960 new spin is inflation is great for you. The reality 0:24:10.200 --> 0:24:14.000 is that inflation is a tax. It's something that obviously 0:24:14.040 --> 0:24:18.520 affects everybody, but the burden of it is paid or 0:24:18.600 --> 0:24:22.200 born by the poor in the middle class. Because at 0:24:22.200 --> 0:24:24.679 the same time that we're dealing with the fact that 0:24:24.760 --> 0:24:27.840 every one of your dollars is buying fewer goods and services, 0:24:27.880 --> 0:24:31.000 which is not a good thing by anyone stretch of 0:24:31.040 --> 0:24:34.520 the imagination. Those are usually the people that have fewer 0:24:34.600 --> 0:24:38.480 assets that are being inflated in value. So again that 0:24:38.560 --> 0:24:41.719 the dollar, the value of the dollar is being diminished 0:24:41.720 --> 0:24:44.800 and it hurts everyone, but it doesn't hurt the wealthy 0:24:44.840 --> 0:24:47.400